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Completely renovated shared apartment building offering a gross yield of 5.1% and including a private garage.
21337 Lüneburg – NiedersachsenFor sale is an investment package consisting of a three-room apartment on the 2nd floor and a garage with its own land registry entry. The apartment is currently being completely renovated; the work will be completed by the end of September 2026. The entire electrical system, all water and sewage pipes within the apartment, the bathroom, the flooring, the interior doors, and the painting will be renewed. A new fitted kitchen with branded appliances will be installed. This means that the buyer will not incur any maintenance costs for the private property for the foreseeable future. The apartment will be rented out as a shared living space with three separate individual rental agreements. Each room is rented out individually, while the kitchen, bathroom, hallway, and storage room are used communally. This type of usage generates a significantly higher rental income than renting to a single party and is supported in Lüneburg by the demand from students and young professionals. Economic Overview:
• Purchase price: €322,000
• Annual net cold rent: €16,500 (apartment: €15,300, garage: €1,200)
• Factor: 19.5
• Gross rental yield: 5.12%
• Monthly service charges for the apartment: €265.00, including €84.00 for the maintenance reserve.
• Monthly service charges for the garage: €14.00
• Property tax: €150.86 and €6.49 annually.
The three rooms are rented out for €500, €425, and €350 net cold rent, totaling €1,275 per month. In addition, there are €40 in operating costs and €95 in electricity/internet charges per room. These charges cover the service charges, heating, and hot water provided by the utility company, as well as electricity and internet; they are fixed charges and not individually metered. Only the net cold rent is included in the yield calculation. Another advantage is the homeowners' association itself: the association has a maintenance reserve of €182,732.94. In 2025, no withdrawals were made, and the annual contribution was increased to €24,000 starting in 2026. This unit is allocated €7,674.78. The apartment will be rented out for the first time after the renovation is completed; the leases will begin on October 1, 2026. Two of the three rooms are already allocated with signed contracts, and the selection process is underway for the third. The property includes a private garage within a covered communal garage complex on Theodor-Haubach Street, just a few steps from the building. It has its own land registry entry, meaning it is a self-contained unit and not merely a right of use. The garage is currently rented to an external tenant and generates an additional €1,200 per year in net rental income. The apartment and garage will be sold together exclusively. All lease agreements will be presented along with the draft purchase agreement before the notarization. The apartment and garage will be sold together exclusively.
Are you interested in this apartment?
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Object Number
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OM-493443
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Object Class
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Apartment
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Object Type
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Apartment
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Is occupied
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Occupied
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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322.000 €
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Purchase additional costs
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approx. 20,745 €
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Total costs
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approx. 342,744 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
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Estimated monthly rate: 1,322€
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Details
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Condition
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As good as new
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Level
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2nd floor
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Bathrooms (number)
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1
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Bedrooms (number)
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3
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Number of garages
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1
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Flooring
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Parquet, Tiles
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Heating
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Central heating
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Year of construction
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1972
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Equipment
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Balcony, Basement, Elevator, Shower bath, Fitted kitchen
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Information on equipment
Apartment after completion of work, expected end of September 2026:
• Bathroom with a walk-in shower featuring a tiled floor and glass partition, towel radiator, anthracite-colored floor tiles, and light-colored wall tiles.
• Fitted kitchen with Bosch appliances: induction cooktop, oven, dishwasher, refrigerator-freezer combination, and extractor hood.
• Refurbished parquet flooring throughout the apartment, with new flooring in the kitchen; white interior doors, white baseboards, and freshly painted walls.
• Electrical installation renewed according to VDE 0100 standards; water and sewage pipes completely renewed within the apartment.
• All windows are made of plastic with double glazing; replacement was not necessary.
• Apartment entrance door refurbished, with a new security lock and security card.
• West-facing loggia with a view of the park-like green area, not facing the street; access from the largest room.
• Washing machine connection in the bathroom.
• Storage room within the apartment, as well as a private cellar.
Building:
• Elevator from the ground floor to the 5th floor. Floor:
• District heating, energy efficiency class B
• Laundry room, drying room, and bicycle storage in the basement
• 28 residential units, well-maintained and professionally managed community.
Garage:
• Secure, individual garage with a swing door, solid walls, concrete floor, and electric lighting, accessible via a ramp. Approximately 2.50 meters wide with a clear door opening of 2.00 meters and approximately 4.81 meters deep. The driveway to the garage complex is 7.00 meters wide. The garage complex dates from the original construction period and has not been renovated, but it does not require any repairs. A separate reserve fund of €28,857.72 exists for the communal property of the garage complex.
Location
The property is located in the Kaltenmoor district of Lüneburg. The Wilhelm-Leuschner-Straße bus stop is directly in front of the building, making the city center of Lüneburg easily accessible without transfers.
The district offers comprehensive local amenities, including supermarkets, a pharmacy, doctors, and various service providers. Daycare centers, elementary schools, and secondary schools are within cycling distance, as are sports facilities and green spaces.
Lüneburg is a Hanseatic city, a university town, and the district capital, with a population of approximately 78,000. The train station, with hourly connections to Hamburg, is just a few minutes away. The ongoing demand for small rental apartments and rooms in shared accommodations is driven by students, commuters, and single-person households.
Location Check
Energy
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Energy efficiency class
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B
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Energy certificate type
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Demand certificate
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Main energy source
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District heating
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Final energy demand
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71.00 kWh/(m²a)
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Miscellaneous
The sale is commission-free and is exclusively offered as a package consisting of apartment number 12 and garage number 20. The following documents are available and will be provided to serious interested parties upon request:
* Declaration of division with division plans
* Land registry extracts for both units
* Minutes of the owners' meetings and a collection of resolutions
* Financial plans for 2026 and 2027, service charge statement for 2025, and proof of the maintenance reserve fund
* Energy performance certificate and floor plan
* Scope of work for the renovation, to be supplemented after completion with a acceptance protocol and technical documentation
* Official land value assessment from the expert committee for property values in Lüneburg, dated January 1, 2026
The renovation will be carried out by a specialized company and is scheduled for completion at the end of September 2026. The warranty period, according to German Civil Code (BGB), is five years from the date of acceptance. The claims under the warranty will be assigned to the buyer in the purchase agreement. The order documents, scope of work, acceptance protocol, and technical documentation, including the electrical measurement report and leak test results, will be provided. The purchase agreement separately specifies the share of the land and building, as well as the value of the fitted kitchen including appliances. The land share is derived from the official land valuation report, and the kitchen value is based on the purchase receipts; both documents are attached to the draft purchase agreement. The apartment has a land share of approximately 83 m². Since the apartment is being handed over in a fully renovated condition, the buyer will not incur any significant renovation costs. Please have the tax implications reviewed by your tax advisor; we do not provide tax advice. The transfer of benefits and burdens will take place after notarization and payment of the purchase price, and the date will be agreed upon individually.
Imprint:
DCB Projektentwicklung GmbH, Heiligengeiststraße 16, 21335 Lüneburg
Managing Director: Dennis Christian Bosse
Phone: 04131 2847451 · dcbpe@dcb-immobiliengruppe.de
Registering Court: Amtsgericht Lüneburg, HRB 212651
VAT ID: DE362623855
Permit according to § 34c para. 1 GewO, issued by the IHK Lüneburg-Wolfsburg, Am Sande 1, 21335 Lüneburg, which is also the responsible supervisory authority. We are neither obligated nor willing to participate in a dispute resolution procedure before a consumer arbitration board.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
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Offer from: Dennis Bosse
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